SGX restructures twin markets

Singapore Exchange (SGX) has ended the demarcation between
its securities and futures markets by creating a new
organisational structure to more closely integrate the
exchange.

SGX will now consist of seven functional groups that are led
by executives from SGX's securities markets. The development
will be closely watched by futures participants concerned over
the future of the CME Eurodollar mutual offset agreement (see
FO Week Volume 8 No 33) and the future of the trading
floor.